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Maine Powerball Jackpot Annuity Payout Schedule for Sep 26, 2022

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The tax information provided here is based on 2022 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Powerball annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $286,000,000 for a ticket purchased in Maine, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money, as well as deductions claimed.

State:

Maine

Drawing Date:Mon, Sep 26, 2022
Jackpot:$286,000,000
Federal Tax:37% marginal rate
State Tax: 7.15%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,304,710$1,555,698$307,787$2,441,226
2$4,519,946$1,635,335$323,176$2,561,435
3$4,745,943$1,718,954$339,335$2,687,654
4$4,983,241$1,806,754$356,302$2,820,185
5$5,232,402$1,898,944$374,117$2,959,342
6$5,494,023$1,995,743$392,823$3,105,457
7$5,768,724$2,097,383$412,464$3,258,877
8$6,057,160$2,204,104$433,087$3,419,969
9$6,360,018$2,316,162$454,741$3,589,115
10$6,678,019$2,433,822$477,478$3,766,718
11$7,011,920$2,557,365$501,352$3,953,202
12$7,362,516$2,687,086$526,420$4,149,010
13$7,730,641$2,823,292$552,741$4,354,608
14$8,117,174$2,966,309$580,378$4,570,486
15$8,523,032$3,116,477$609,397$4,797,159
16$8,949,184$3,274,153$639,867$5,035,164
17$9,396,643$3,439,713$671,860$5,285,070
18$9,866,475$3,613,551$705,453$5,547,471
19$10,359,799$3,796,081$740,726$5,822,993
20$10,877,789$3,987,737$777,762$6,112,290
21$11,421,678$4,188,976$816,650$6,416,052
22$11,992,762$4,400,277$857,482$6,735,003
23$12,592,400$4,622,143$900,357$7,069,901
24$13,222,020$4,855,102$945,374$7,421,543
25$13,883,121$5,099,710$992,643$7,790,768
26$14,577,278$5,356,548$1,042,275$8,178,455
27$15,306,141$5,626,227$1,094,389$8,585,525
28$16,071,448$5,909,391$1,149,109$9,012,949
29$16,875,021$6,206,713$1,206,564$9,461,744
30$17,718,772$6,518,901$1,266,892$9,932,979
Total$286,000,001$104,708,651$20,449,001$160,842,350

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.